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IBERIA: Good performance of traffic consolidating the recovery trend

Monthly capacity decreased by 7.1% compared to April 2001, while traffic -measured in revenues-passenger kilometer…

Monthly capacity decreased by 7.1% compared to April 2001, while traffic -measured in revenues-passenger kilometer- fell by 9.3% and load factor reached 72.5% (-1.7 points). However, if we consider the period March-April, the reduction in capacity was 6.6%, traffic fell in a smaller proportion (-4.7%) and load factor increased by 1.4 points reaching 74.1%.

In April the proportion of business class over total Group traffic increased in the three markets continuing the recovery trend showed in the last months. In the period March-April total number of business passengers fell by only 0.6% compared to previous year, against a decrease of 5.4% in tourist class.

For the period March- April load factor on the domestic market increased by 3.1 points compared to the same period last year after the selective reduction in capacity (-12.1%). This rise in load factor was accompanied by a growing yield (more than 5%) which benefited most of the routes.

Load factor on Iberia<.> medium-haul routes grew by 3.6 points with respect to the period March-April of 2001. Traffic had a slight decreased of 0.2% while capacity fell by 5.2%. This reduction in capacity mainly affected Middle East and North of Africa routes. Load factor in the European Union increased by 4 points and traffic grew by 2.5% compared to previous year.

On long-haul routes Iberia decreased capacity by 4.4% for the period March- April, while traffic fell by 5.2%. As a consequence, load factor decreased by 0.6 points reaching 76.5%.

In Mid Atlantic capacity rose by 13.4% and traffic grew by 10.5%, obtaining a load factor of 78.5%, 2.1 points lower than the period March- April 2001, due partly to the important rise of competition in Venezuela.

Because of the deterioration of the economy in Argentina, Iberia transferred part of its capacity to other long haul destinations (Miami and Mid Atlantic, Ecuador, etc), being the traffic evolution negative in the South Atlantic routes.

Finally, in North Atlantic load factor increased by 7 points compared to the March- April 2001 with a reduction in capacity of nearly 21%.

In Cargo, capacity, measured in available tonne-kilometre, showed a similar level as April 2001. The utilisation of passenger aircraft bellies represented more than 92% over total capacity. Cargo traffic decreased by 9.2% affecting most North and South Atlantic routes. Despite load factor decreased by 8.8 points in April, revenue per RTK grew by more than 5% compared to 2001.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.